Early signs always precede surprises. The problem is that they are ignored as often as they are recognized.
Many research studies show that when reality and convictions are at odds with each other, convictions often win. This is the risk called a blindspot, and it is the gravest risk for planners.
Industry dissonance is the risk that as the industry changes, the company does not.
Many businesses lose out to more agile competitors not for lack of early signs of risk, but because of their executives’ mindsets. Executives and managers can avoid lagging behind simply by addressing the mindset issue head-on with the help of the straightforward process offered in this book.
The essence of the new business-based early warning system is the integration of strategy planning, intelligence, and action in an unprecedented, seamless way. In many cases, an early warning system “forces” action upon management.